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I wouldn't bother making predictions. Hard to know in this market, we nearly broke £5 last week. It is oversold but the market appears to want it lower pointless watching daily prices atm. Like dduck said massive value taken off market cap. We will find a level and a bounce will happen and it will be quite big imho: I agree with the Investors Chronicle last week - Long term buy and so do the directors. GLA.
by Friday? :-(
Wiped off in 13 days, and yet it doesn't show any sign of slowing - I mean , 38p off in the last two days....
13 that it has finished red. looking at approx. £3.07 taken off in that time - seems every day is the same, regardless of buying
http://uk.advfn.com/stock-market/london/amec-foster-AMFW/share-news/Amec-Foster-Wheeler-PLC-Director-PDMR-Shareholding/69430088 Directors happy to spend more at this level
I agree to an extent, but the level of shorts isn't that high (3.51%), although it has risen to that level in the past couple of weeks. Just think this stock is representative of so much of the trading on the lse nowadays. You can't genuinely say that the volume of trades and the split should result in another 4%+ fall?
As reported last week its still being shorted looking at the trades going through. Till they close we won't go back up.
The trading robots are in full control. You couldn't possibly justify this level of fall over the past two days on volume and ratio of buys/sells alone. Someone bought £25 million worth of stock on Friday at 479 - made not a jot of difference to the trajectory.
Just goes on.... Far exceeding the losses of other similar companies today. Down 15p (currently), after dropping 20p on Friday.... A guaranteed 15 p to come off on Friday . Again, don't see trading action that supports this drop today - very similar number of buys/sells. Just seems to be whatever price they feel like
Couldn't agree more
£1,135 million obviously
Price action I would say that order was placed around 12.30 on Thursday . The price was recovering nicely to 497ish at the peak, before falling off a cliff thereafter.same thing happened yesterday - opened low and just went lower . Couldn't really see any justification going solely off the trading action. Since the trading update, approx. £1,135 has been knocked of the market cap. - more or less in a straight line. Going ex div on Friday for 14.8p, and taking into account that enormous buy late on Friday , I'd expect a rebound on Monday . This looks so oversold .
Thanks Kenj. It just winds me up when you've put in your hard earned and get posters like this. I take on board what you have said cheers.
Garydav2, Ghino has written 5 posts, all in the last few days, all about AMFW, and all negative. When a poster comes out of nowhere either very strongly for, or strongly against just one company, you have to wonder why. Why has he never written about this company before? Why has he never written about any other company? Why has he given no information about his stock holding, gains or losses with this company? Why is he ramping or de-ramping just this stock? People are paid by hedge funds, shorters and other financial sharks, to talk up or down stocks on these boards, in just the same way as hotels and restaurants pay for good reviews on sites like Trip Advisor; and also pay for bad reviews on their rivals. Study a posters previous posts before taking what they say too seriously. Be particularly wary of new posters who seem to have an agenda, but explain almost nothing.
Don't understand your posts??
They're broken. Finished.
Yes see what u mean with the market cap!! Be interesting to see where this goes next week. Thought we were recovering a bit yesterday didn't expect today's fall. See where we go Monday
A very impressive trade indeed, Garydav2. However, on its own it is not enough to be notifiable. It is only 1.33% of issued stock, so unless the purchaser already owns another 1.67%, we may never know who they were.
Massive after hours buy 24.9 million !!! @ 4.78 got to be a holdings RNS on this in the next few days....
Agreed strange really. A bit unloved atm. Well being a contrary investor it's too be expected but fall overdone. Reinvest the dividend I think and keep holding. Hopefully will turn and could be good upside.
To figure where a 4.5% drop has come from today on below average volume and a pretty equal split of buys and sells. Considering 15-20p will be knocked off next Friday when it goes ex div., feel this is getting overdone totally now. My opinion anyway.
Don't agree. Yes it's dropped again and short term will be volatile but a good buy I think now to bounce back to the £6 mark. Although the dividend is reduced still attractive. Hold.
The fact is that they are loosing capabilities to execute projects, and the market starts to recognize
This morning by the mms. Had to check there had been no news - down over 3% at one point on less than 100k trades . The LSE gets worse ...
In 1 year they've been able to more than halved the value of the company, reduce headcount of over 20% (and it'snot yet finished) and have a debt charge of over 1 B£. Is the business model which is under scrutiny by the market, not just the economics. Is this enough to fall so sharply?